Reserve Bank governor Adrian Orr speaks to Christchurch businesspeople about handling the effects of the coronavirus.
New Zealand businesses do not need predictions on the future of the coronavirus to prepare for its impact, Reserve Bank governor Adrian Orr has said in his first public address for 2020.
READ MORE:* A year of anger between Reserve Bank governor Adrian Orr and NZ Initiative's Roger Partridge* Reserve Bank doesn't hold miracle cure for coronavirus ills* Adrian Orr rips the band aid of bank capital off - just in time for the electionHe advised businesspeople to plan for scenarios that could affect them.
Stacy Squires Reserve Bank governor Adrian Orr in Christchurch on Friday.
The Reserve Bank had so far based its own planning on the virus causing a six-week-plus business hiatus with some ongoing lagging effects, Orr said.